Blackjack and Card Counting Forums - BlackjackInfo.com

  #1  
Old January 3rd, 2007, 04:44 PM
Preston Preston is offline
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Default Is this bonus even worth it?

I received this bonus offer, but they credit my account with the bonus pending AFTER I had played a significant amount of hands. I am now UP $510. The bonus pending is $100. Here are the terms they gave me:

"The Bonus Amount will be held in your Casino pending account and automatically released to your cash account after you fulfill the rollover requirement. This bonus has a 100 times rollover requirement.

This means that you have to risk the amount you deposit 100 times to release the bonus. So for example if a new Black jack player deposits $750 he/she has to risk a total of $75,000 in the Black Jack table to release the bonus, however, the player doesn't have to wait until he/she risks the whole $75,000 to get it because 10% of the bonus will be released and added to the player's cash balance every time he/she risks 10% of the rollover requirement.

Therefore, in the previous example, every time $7,500 is risked, $75 will be automatically added to the player's cash balance.
"

It basically comes down to getting $10 for every $1000 wagered. I am CERTAIN that if they credited the bonus right away I would have probably cleared a decent chunk out of it. I've brought this to their attention, but no response yet. Even still, should I even bother trying to work off this bonus?

Oh yeah, if it's any help. The deposit was made yesterday when I was doing a $1-$75 spread. I'm doing a much tamer $1-15 today but stopping right now.

Last edited by Preston; January 3rd, 2007 at 04:49 PM.
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  #2  
Old January 3rd, 2007, 06:06 PM
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EasyRhino EasyRhino is offline
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What casino is this at? I'm not familiar with the terms of the bonus. And how much did you deposit?

From the details I see, It sounds like, if played with small bets, the bonus is only marginally +EV is cashable, and a wash or loss if noncashable. And since it sounds like you are up a lot, betting with big bets might introduce too much risk.

I'd try to argue to get the bonus credited retroactively for the amount you wagered.
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  #3  
Old January 3rd, 2007, 07:33 PM
aka23 aka23 is offline
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This sounds like Abolute Poker's bonus. I'm not very familiar with the SW, but I believe it's 6 decks with hit on Soft 17 + late surrender (and shuffle after each hand). So the house edge is probably around 0.5%. A 100xB playthrough with a house egde near 0.5% has a positive expected value. However, the risk of busting before completing the playthrough is very high. I'd consider the risk too high to be worthwhile unless using ridiculously small bets and spending a week clearing the wagering requirement.

In short, I don't think the bonus is "worth it". There are far better bonuses out there without such a high playthrough.

Last edited by aka23; January 3rd, 2007 at 07:35 PM.
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  #4  
Old January 3rd, 2007, 09:29 PM
ScottH ScottH is offline
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A WR that is 100X times the deposit plus bonus would be enough to scare me away...
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  #5  
Old January 3rd, 2007, 10:07 PM
Preston Preston is offline
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The site I'm referring to is in fact Absolute Poker.

I saw they had the 100% bonus payout but saw the terms so that is why I deposited only $100 initially. After a day of actually playing bonus qualified hands I am now up $555, earning $10 of the $100 bonus. And that's good enough for me. I figure trying to earn another $90 when I've already made over 5x that amount is not worth risking.

Are there any other sites that are offering decent bonsues right now? With realistic wagering requirements.
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